Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    Govt hikes windfall gains tax on petrol, diesel, ATF exports
    No guidelines to regulate online astrology platforms: Consumer affairs department to CIC
    Yellow.ai, a Global Leader in Enterprise Agentic AI, to Go Public via $550 Million Merger with Bluerock Acquisition Corp.
    Shri Piyush Goyal Invites Indian and Uzbek Businesses to Co-invest and Co-manufacture; Calls for Doubling Bilateral Trade at India-Uzbekistan Business...
    Every ₹1 invested under Kisan Credit Card– Modified Interest Subvention Scheme (KCC-MISS) contributes ₹2.30 to net value addition in the...
    India achieves near-universal banking coverage, with 99.92% of inhabited villages now served by a banking outlet
    Rupee rises for 6th day, gains 12 paise to 95.31 against US dollar as crude drops
    ACE Software Posts Earnings Turnaround; Standalone Profit Before Tax Up 43% YoY
    Rajya Sabha passes bill to tackle payment delays faced by MSMEs amid Opposition protests
    MPC's 3-day meeting begins amid expectations of status quo on interest rates
    Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance
    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
    DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested
    Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and deve...
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Rupee rises 31 paise to 95.12 against US dollar in early trade
    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    India-China trade through Shipli La resumes after six years
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
August 3, 2026
Show AI Summary
Windfall gains tax on petroleum exports increases to discourage exports and preserve domestic fuel availability during regional supply disruptions.
Special additional excise duty on exports of petrol, diesel and aviation turbine fuel has been increased for the relevant fortnightly period, while existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall gains tax is intended to preserve domestic availability of petroleum products during the West Asia crisis and prevent exporters from benefiting unduly from price differences linked to elevated global crude oil prices.
August 3, 2026
Show AI Summary
Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
Online astrology platforms were reported as lacking specific regulatory guidelines within the consumer affairs department. The RTI application sought information on alleged unfair trade practices, investigations, complaints, licences, approvals, and applicable rules. The National Consumer Helpline stated that it had not investigated because it functions as a grievance-resolution platform. A revised factual response was required on investigations and complaint data, while queries concerning regulation, licences, approvals, and related investigations were to be transferred to the public authorities likely to hold that information.
August 3, 2026
Show AI Summary
Business combination disclosure outlines shareholder approval, registration requirements, financing conditions, and forward-looking risks for the proposed public listing.
The proposed business combination would take Yellow.ai public through a definitive agreement with Bluerock Acquisition Corp., subject to customary closing conditions and shareholder approval. Bluerock intends to file a Form S-4 registration statement containing a proxy statement/prospectus for proxy solicitation and securities issuance in connection with the transaction. The communication is not an offer or solicitation and states that no securities offering may occur without compliance with applicable registration, qualification or exemption requirements. Transaction projections and anticipated benefits are forward-looking statements subject to material risks and uncertainties.
August 3, 2026
Show AI Summary
Bilateral investment and trade facilitation drive proposed co-investment, digital cooperation and advanced manufacturing partnerships between Indian and Uzbek businesses.
India-Uzbekistan cooperation is proposed through co-investment, co-manufacturing and co-innovation, supported by the Bilateral Investment Treaty to promote investor confidence and reciprocal investment. Priority sectors include mining, textiles, healthcare, agriculture, food processing, digital technologies and advanced manufacturing. Trade facilitation measures include reducing trade barriers, mutual recognition of standards, approvals, testing and certification, customs digitalisation and improved trade routes. Regulators and standard-setting bodies are expected to cooperate under a structured, time-bound economic partnership.
August 3, 2026
Show AI Summary
Concessional agricultural credit supports working capital, crop diversification, allied activities, and digital expansion under the Kisan Credit Card scheme.
The Kisan Credit Card-Modified Interest Subvention Scheme provides concessional institutional credit to reduce farmers' interest burdens and improve timely working-capital access. The scheme is reported to support cropping intensity, multi-season cultivation, diversified crop portfolios, timely input use, and credit discipline through the Prompt Repayment Incentive. It also supports dairy, livestock, and fisheries-based income diversification. Credit-delivery measures include collateral-free lending, digital platforms, simplified applications, coverage expansion, and awareness campaigns. State-wise data tracks operative accounts, outstanding credit, and non-performing Kisan Credit Card accounts.
August 3, 2026
Show AI Summary
Banking inclusion expands rural access while digital credit systems and payment security controls address service delivery and cyber fraud.
Banking inclusion is pursued by providing banking outlets within a five-kilometre radius of inhabited villages, with branch expansion permitted subject to rural-coverage requirements and continuing assessment of uncovered areas. Agricultural credit delivery uses digital loan, beneficiary-verification, processing and claim-settlement systems. Digital payment security measures require minimum controls for payment channels and include fraud-intelligence sharing, artificial-intelligence-based identification of money-mule activity, digital lending-app analysis, cyber-incident reporting, public awareness campaigns and electronic-banking training.
August 3, 2026
Show AI Summary
Foreign exchange market movement strengthened the rupee as lower crude prices, investment inflows and improved risk sentiment provided support.
Foreign exchange market movement saw the rupee strengthen for a sixth consecutive trading session against the US dollar, supported by declining global crude oil prices, a softer dollar, foreign institutional investment inflows and gains in domestic equity markets. Improved global risk sentiment followed the decision to defer planned US military strikes against Iran and allow diplomatic engagement. Renewed geopolitical tensions were identified as a factor that could limit further appreciation.
August 3, 2026
Show AI Summary
Quarterly financial performance reflects revenue growth, improved standalone profitability, and continued investment in AI-led digital technology platforms.
Quarterly financial performance reported revenue growth in standalone and consolidated operations, higher standalone profit before tax, and a return to consolidated profitability. The company continues to invest in an AI-led, intellectual-property-driven digital technology strategy through enterprise software, SaaS platforms, digital commerce, cloud, data and AI solutions. Its priorities include scalable platforms, proprietary technology assets, recurring-revenue offerings, partnerships and selective acquisitions. Complete financial results, notes to accounts and regulatory disclosures are available through exchange filings and the company website.
August 3, 2026
Show AI Summary
MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection.
MSME delayed-payment reforms seek faster adjudication, strengthened recovery and improved liquidity for enterprise suppliers. Courts may direct payment of at least half of an awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and recognised as legally enforceable debts under the insolvency framework. The measures also provide graded penalties, voluntary digital registration, invoice settlement through the Trade Receivables Discounting System, and additional Facilitation Councils.
August 3, 2026
Show AI Summary
Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance.
Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.
August 3, 2026
Show AI Summary
Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks.
Financial performance reporting identifies increased bookings, revenue growth, continuing earnings, and backlog, with segment-level operating and margin measures. The release addresses cash flow, capital allocation through dividends, acquisitions and share repurchases, and increased full-year revenue and earnings guidance. Forward-looking statements concerning financial performance, operations, demand, liquidity and capital deployment are subject to identified risks and uncertainties. Non-GAAP measures are presented as supplemental to GAAP measures, with definitions and reconciliations stated to be available in accompanying materials.
August 3, 2026
Show AI Summary
Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
August 3, 2026
Show AI Summary
Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
August 3, 2026
Show AI Summary
Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
August 3, 2026
Show AI Summary
Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
August 3, 2026
Show AI Summary
Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
August 2, 2026
Show AI Summary
Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
August 2, 2026
Show AI Summary
Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
August 1, 2026
Show AI Summary
GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
August 1, 2026
Show AI Summary
Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters
Customs, DGFT & SEZ

Threads of Progress

April 2, 2025

Contents
Summary
Note

Note

-

Bookmark

Print

Print

How Make in India is Shaping the Future of Textiles and Apparel Industry

Introduction

The Make in India initiative, launched in 2014, has played a crucial role in positioning India as a global textile manufacturing and export hub. The textile and apparel industry is one of the largest contributors to India’s economy, providing employment to millions and generating substantial foreign exchange earnings. With strong policy support, infrastructure development, and a skilled workforce, India has emerged as a preferred investment destination in the global textile sector.

Overview of India's Textile Industry

The textile and apparel industry contributes 2.3% to our GDP13% to industrial production, and 12% to exports. India exported textile items worth US$ 34.4 billion in 2023-24, with apparel constituting 42% of the export basket, followed by raw materials/semi-finished materials at 34% and finished non-apparel goods at 30%. It is also the second largest employment generators, after agriculture, with over 45 million people employed directly, including many women and the rural population. As further evidence of the inclusive nature of this industry, nearly 80% of its capacity is spread across Micro, Small and Medium Enterprises (MSMEclusters in the country.

The sector also has perfect alignment with the Government’s overall objectives of Make in India, Skill India, Women’s Empowerment, Rural Youth Employment and inclusive growth. The industry produces about 22,000 million pieces of garments per year, with the market size projected to reach US$ 350 billion by 2030, from the current $174 billion.

Recently, the Ministry of Textiles reported a 7% increase in textile and apparel exports, including handicrafts, from April to December 2024, compared to the same period the previous year. In line with the growth roadmap, the Indian textile market currently ranks fifth globally, and the government is actively working to accelerate this growth to a rate of 15-20% over the next five years.

Impact of 'Make in India' on the Textile Industry

The Make in India initiative has catalyzed textile manufacturing and exports through key policy interventions, enhanced infrastructure, and incentives. In the Union Budget 2024-25, to promote domestic textile production, two more types of shuttle-less looms are added to fully exempted textile machinery by the government. The government has introduced multiple schemes to enhance textile production, boost investments, and promote exports, including:

  1. Production Linked Incentive (PLI) Scheme for Textiles
  • Objective: To increase manufacturing in man-made fibre (MMF) and technical textiles.
  • Budget₹10,683 crore.
  • IncentivesFinancial incentives for large-scale textile manufacturers.
  1. PM MITRA (Mega Integrated Textile Region and Apparel) Parks

  • Objective: To develop world-class industrial infrastructure for textile manufacturing.
  • Focus: On developing integrated large scale and modern industrial infrastructure facility for total value-chain of the textile industry like spinning, weaving, processing, garmenting, textile manufacturing, processing & textile machinery industry.
  • Budget₹4,445 crore for a period 2021-22 to 2027-28.
  • Key Benefits: Reduced logistics costs, increased FDI, and better competitiveness in global markets.
  • Current Status: A total of 7 Parks established in states of Gujarat, Maharashtra, Madhya Pradesh, Tamil Nadu, Karnataka, Uttar Pradesh, and Telangana.
  1. Amended Technology Upgradation Fund Scheme (ATUFS)
  • Objective: To incentivise credit flow for benchmark credit linked technology upgradation in this MSME driven Textile Industry for supporting capital investment.
  • Budget₹17,822 crore.
  • Incentives: Capital subsidies for technology upgradation.
  1. Samarth (Scheme for Capacity Building in Textile Sector)
  • Objective: To provide skill training to workers in the textile industry, in partnership with the Ministry of Skill Development & Entrepreneurship.
  • Budget Allocation: An amount of ₹115 crores was sanctioned during the FY 2023-24, out of which ₹114.99 crores (99.9%) were disbursed.
  • Current Status: As of March 27, 2025, more than 4.78 lakh users have been registered on the Samarth portal. As on March 19, 2025, a total of 3.82 lakh beneficiaries have been trained (passed) and 2.97 lakh beneficiaries (77.74%) have been placed.
  1. Textile Cluster Development Scheme (TCDS)
  • Objective: To create an integrated workspace and linkages-based ecosystem for existing as well as potential textile units/clusters to make them operationally and financially viable.
  • Benefits: Cluster development model of TCDS will bring benefits of critical mass for customization of interventions, economies of scale in operation, competitiveness in manufacturing, cost efficient, better access to technology and information, etc.
  • Budget₹853 crore.
  • Current Status: As of March 18, 2025, about 1.22 lakh employment opportunities have been generated under the scheme. During 2024-25₹34.48 crore have been released.
  1. National Technical Textiles Mission (NTTM)
  • Objective: To boost Technical Textiles in the country.
  • Target Years: 2020-21 to 2025-26
  • Budget₹1480 crore
  • Focus: The Mission focuses on (i) research, innovation and development, (ii) promotion and market development (iii) education and skilling and (iv) export promotion in technical textiles to position country as global leader in technical textiles.
  • Current Status: As on January 1, 2025168 projects of value ₹509 crores (approx.) have been approved in the category of Specialty fibres and Technical Textiles.

Union Budget Allocations for Ministry of Textiles

The Union Budget announced an outlay of ₹5272 crores for the Ministry of Textiles for 2025-26. This is an increase of 19% over budget estimates of 2024-25 (Rs. 4417.03 crore).

Key Highlights

  • Cotton Mission: A five-year plan to improve cotton productivity, especially extra-long staple varieties, with science and technology support.
  • Tax Exemptions on Looms: Duty removed on select shuttle-less looms to reduce costs and modernize weaving.
  • Customs Duty on Knitted Fabrics: Increased from “10% or 20%” to “20% or ₹115 per kg, whichever is higher” to curb cheap imports.
  • Handicraft Exports: Time for export extended from six months to one year, with more items eligible for duty-free input imports.
  • MSME Boost: Focus on exports, credit enhancement, and policies like the National Manufacturing Mission, Export Promotion Mission, Bharat Trade Net, and Fund of Funds to promote employment and entrepreneurship.

These measures aim to boost domestic manufacturing, support MSMEs, modernize the textile sector, and enhance India's global competitiveness.

Export Growth and Market Expansion

India is the 6th largest exporter of Textiles & Apparel in the world. The share of textile and apparel (T&A) including handicrafts in India’s total exports stands at a significant 8.21% in 2023-24. India has a share of 3.91% of the global trade in textiles and apparel. Major textile and apparel export destinations for India are USA and EU and with around 47% share in total textile and apparel exports.  The textile and apparel sector has witnessed significant export growth due to government incentives and trade agreements.

The government has taken several steps to enhance exports in textiles and apparels, including:

  • Rebate of State and Central Taxes and Levies (RoSCTL): On 7th March 2019, Government approved Rebate of State and Central Taxes and Levies (RoSCTL) Scheme to rebate all embedded State and Central taxes/levies on export of Apparel/Garments and Made-ups to provide support and enhance competitiveness of these sectors.
  • Production Linked Incentive (PLI) Scheme for Textiles: Under this scheme, as per the Quarterly Review Reports (QRRs) released on 31.03.2024, the turnover achieved was Rs. 1,355 crore including export of Rs.166 crore.
  • Free Trade Agreements: India has so far signed 14 Free Trade Agreements (FTAs) including recently concluded agreement with United Arab Emirates (UAE), Australia and TEPA (Trade and Economic Partnership Agreement) with EFTA (European Free Trade Association) countries comprising Switzerland, Iceland, Norway & Liechtenstein. India has 6 Preferential Trade Agreements (PTAs) with various trading partners. India is presently engaged in FTA negotiations with some of its trading partners notable among these FTAs are India-UK Free Trade Agreement, India- EU Free Trade Agreement, and India-Oman FTA.
  • Quality Control Orders: The Ministry has actively taken up notification of standards for textile products in co-ordination with Bureau of Indian Standards and Quality Control Orders (QCOs) are issued to regulate quality and curb sub-standard imports.
  • Textile Advisory Group on Man-Made Fibre (MMF): The Ministry has constituted a “Textile Advisory Group on Man-made Fibre (MMF)” comprising stakeholders of the country’s entire Man-Made Fibre (MMF) including viscose to deliberate and make recommendations on the issues and concerns of the sector.
  • Exports Promotion Councils (EPCs): There are eleven Exports Promotion Councils (EPCs) representing various segments of the textiles & apparel value chain from Fibre to finished goods as well as traditional sectors like handloom, handicrafts and carpets.  These Councils work in close cooperation with the Ministry of Textiles and other Ministries to promote the growth and export of their respective sectors in global markets. 

FDI in Textile and Apparel Industry

Foreign Direct Investment (FDI) plays a role in the Indian textile and apparel sector. From January 2000 to March 2024, the textile sector received US$ 4,472.79 million (₹28,304.10 crore) in FDI equity. FDI in textile sector over the years can be traced in the graph below:

BHARAT TEX 2024

Bharat Tex 2024, a global textile expo was successfully organized during February 26 to February 29, 2024 by the consortium of 11 Textiles Export Promotion Councils with the support of Ministry of Textiles. Built on the twin pillars of trade and investment and with an overarching focus on sustainability, the 4-day event attracted besides policymakers and global CEOs3,500 Exhibitors3,000 Buyers from 111 Countries and over one lakh trade visitors. An exhibition spread across nearly 2 million sq ft of area and encompassing the entire textile value chain, including an artistically curated story of textiles- Vastra Katha were the highlights of the event. The event was hosted simultaneously at two state of the art venues in Delhi - Bharat Mandapam and Yashobhoomi with both venues fully subscribed.

This global scale conference with 70 sessions and 112 international speakers saw engaging discussions on key textile issues of the day including Textile Mega TrendsSustainability, resilient global supply chains and Manufacturing 4.0.

BHARAT TEX 2025

Bharat Tex 2025, India's largest global textile event, was successfully organized from February 14 to 17, 2025, at Bharat Mandapam, New Delhi. The event spanned 2.2 million square feet and featured over 5,000 exhibitors, providing a comprehensive showcase of India's textile ecosystem. More than 1,20,000 trade visitors, from 120+ countries including global CEOs, policymakers, and industry leaders, attended the event.

Bharat Tex 2025 served as a platform to accelerate the government's "Farm to Fibre, Fabric, Fashion, and Foreign Markets" vision. India’s textile exports have already reached ₹3 lakh crore, and the goal is to triple this to ₹9 lakh crore by 2030 by strengthening domestic manufacturing and expanding global reach. The event demonstrated India's leadership in the textile sector and its commitment to innovation, sustainability, and global collaboration.

Innovation in Textile Sector

As far as innovation in textiles sector is concerned, Ministry of Textiles has conducted an Innovation Challenges in collaboration with Startup India & DPIIT. In this challenge, 9 winners were recognised and awarded, while incubation opportunities were presented to 6 awardees under the Atal Innovation Mission (AIM). Apart from this, 3 separate innovations challenges were conducted by nature fibre boards on their respective problem statements i.e. 

  • NJB Technological Innovation Grand Challenge in which 3 winners were recognised and awarded out of 125 applicants.
  • CSB Start-up Grand Challenge in which 4 winners were recognised and awarded out of             58 applicants.
  • CWDB Wool Innovation Challenge in which 3 winners were recognised and awarded out of     24 applicants.
  • 17 of the total above-mentioned winners are directly engaging in activities such as textile waste recycling, biobased fibres or sustainable garment production

Cotton Industry in India

Cotton is a vital commercial crop in India, contributing about 24% to global cotton production and sustaining the livelihoods of millions of farmers and workers. It plays a crucial role in India's foreign exchange earnings through exports of raw cotton, intermediate products, and finished goods. India holds the largest cotton acreage in the world.

  • Acreage and Yield: India has the largest cotton acreage globally; ranks 36th in productivity.
  • Production and Consumption: India is the 2nd largest producer and consumer of cotton in the world.
  • Cotton Species: India grows all four species of cotton: G. Arboreum, G. Herbaceum (Asian cotton), G. Barbadense (Egyptian cotton) and G. Hirsutum (American Upland cotton).
  • Major Growing Zones: Cotton is primarily grown in the NorthernCentral, and Southern zones of India.

Production and Consumption of Cotton (in lakh bales)

Cotton Year

Production

Consumption

2021-22

311.17

322.41

2022-23

336.60

313.63

2023-24 (P)

325.22

323.00

Import and Export of Cotton (in lakh bales)

Cotton Season

Import (in lakh bales)

Export (in lakh bales)

2021-22

21.13

42.25

2022-23

14.60

15.89

2023-24*

6.73

26.24

* Position up to 30.06.2024

Government Schemes and Initiatives:

  • Minimum Support Price (MSP) Operations to ensure remunerative prices to cotton farmers.
  • "Cott-Ally" mobile app for cotton farmers.
  • Aadhar-based farmer registration for MSP benefits.
  • E-auction for transparent sale of cotton stock.
  • QR code using Block Chain Technology for traceability of cotton.
  • Kasturi Cotton Bharat programme for branding Indian Cotton.

Silk Industry in India

Silk is an insect fibre known for its lustredrape, and strength. It is called the "Queen of Textiles" worldwide. India has a long history with silk and is the second largest producer and the largest consumer of silk in the world. India is unique in producing all four commercial varieties of silk: Mulberry, Tropical & Oak Tasar, Muga, and Eri. The Indian sericulture industry is important because it provides a lot of employment, requires low capital, and gives good income to silk growers. India produced 38,913 MT of silk, making it the second largest producer globally, after China.

Years

Mulberry

Tasar

Eri

Muga

Total

2004-05

14,620

322

1,448

110

16,500

2014-15

21,390

2,434

4,726

158

28,708

2020-21

23,896

2,689

6,946

239

33,770

2021-22

25,818

1,466

7,364

255

34,903

2022-23

27,654

1,318

7,349

261

36,582

2023-24

29,892

1,586

7,183

252

38,913

2024-25 (April-September)

14,233

106

3,924

92

18,355

Source: Central Silk Board, Bengaluru

The Indian government supports the silk industry through various initiatives and schemes:

  • The Central Silk Board (CSB) is a statutory body under the Ministry of Textiles that was established in 1948 to develop the silk industry.
  • The Ministry of Textiles is implementing the Scheduled Caste Sub Plan (SCSP) and Tribal Sub Plan (TSP) under the Silk Samagra Scheme.
  • In 2023-24, the Ministry of Textiles, Government of India, allocated ₹25 crore for the implementation of the SCSP for sericulture. The entire funds allocated under SCSP were fully utilized/released for implementation of beneficiary-oriented components.
  • The government is also working on research and development in the silk sector to improve productivity and quality. This includes promoting soil testing, organic farming, and the use of silkworm by-products. They are also upgrading reeling technology and promoting indigenous automatic reeling machines to boost the Make in India program.
  • The industry also focuses on product design development and diversification to promote Indian silks and help manufacturers and exporters create innovative designs and fabrics.

Jute Industry in India

The jute industry is a major player in India's economy, particularly in the eastern regions like West Bengal. It's a vital source of employment, providing livelihoods for workers in organized mills and diversified units, and supporting numerous farm families. The Indian government actively supports the jute sector through various initiatives aimed at improving productivity, ensuring fair prices for farmers, and promoting the use of jute products.

  • The jute industry provides direct employment to 4 lakh workers in organized mills and diversified units, including the tertiary sector and allied activities.
  • It supports the livelihood of 40 lakh farm families.
  • As per the Office of Jute Commissioner, there are 116 composite jute mills.
  • West Bengal has the highest number of jute mills (86).
  • Government of India provides support to the jute growers through MSP operations by the Jute Corporation of India and also through direct purchase of jute sacking.
  • Average land area under raw jute & mesta cultivation is 799 thousand hectares (average of last four years).
  • Average production of raw jute & mesta is 10,990 thousand bales (average of last four years).
  • Average export of jute goods is 133 thousand MT per annum with a value of Rs. 21,150 million per annum (average of last four years).
  • Jute - ICARE has been launched for improving fibre quality and productivity, reducing the cost of jute production, and increasing the income of jute farmers.
  • The schemes for the promotion of the jute sector are primarily implemented by the National Jute Board.

Conclusion

The Make in India initiative has significantly enhanced India’s position in global textile manufacturing and exports through targeted policies, infrastructure development, and investment promotion. With sustained efforts, India is poised to become a global textile leader, driving economic growth and employment generation.

References

https://www.texmin.nic.in/textile-data

https://jutecomm.gov.in/FAQ.html

https://www.investindia.gov.in/sector/textiles-apparel

https://pib.gov.in/PressReleasePage.aspx?PRID=2089306

https://pib.gov.in/PressReleasePage.aspx?PRID=2098352

https://pib.gov.in/PressReleasePage.aspx?PRID=2099411

https://pib.gov.in/PressReleasePage.aspx?PRID=2114277

https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2104423

https://www.indiabudget.gov.in/economicsurvey/doc/echapter.pdf

https://www.texmin.nic.in/sites/default/files/Indian%20Jute%20At%20a%20Glance.pdf

https://www.texmin.nic.in/sites/default/files/Note%20on%20Cotton%20Sector_0.pdf

https://sansad.in/getFile/loksabhaquestions/annex/184/AU4118_0othg1.pdf?source=pqals

https://sansad.in/getFile/loksabhaquestions/annex/184/AS245_n0CCI6.pdf?source=pqals

https://sansad.in/getFile/loksabhaquestions/annex/184/AU2877_YZdL4e.pdf?source=pqals

https://sansad.in/getFile/loksabhaquestions/annex/184/AU2873_sOQ5IE.pdf?source=pqals

https://sansad.in/getFile/loksabhaquestions/annex/184/AS110_T8V4VD.pdf?source=pqals

https://www.texmin.nic.in/sites/default/files/FDI%20inflow%20at%20a%20glance.pdf

https://www.texmin.nic.in/sites/default/files/Table-2%20Raw%20Silk%20Production%20Statistics.pdf

https://texmin.nic.in/sites/default/files/MOT%20Annual%20Report%20English%20%2807.11.2024%29.pdf

https://www.texmin.nic.in/sites/default/files/FDI%20inflow%20%28Finacial%20year%20wise%29.pdf

https://ddnews.gov.in/en/india-sets-new-record-with-7-rise-in-textile-exports-government-implements-multiple-schemes-to-boost-sector/

Topics

Acts Income Tax